Universal Health Services, Inc. (UHS) Given Buy Rating at Royal Bank Of Canada
Universal Health Services, Inc. (NYSE:UHS)‘s stock had its “buy” rating reiterated by Royal Bank Of Canada in a research note issued to investors on Tuesday. They currently have a $147.00 price target on the health services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 34.78% from the company’s previous close.
Several other equities analysts have also issued reports on UHS. Zacks Investment Research raised Universal Health Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Morgan Stanley lowered their target price on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. TheStreet lowered Universal Health Services from a “b” rating to a “c+” rating in a research report on Monday, August 21st. BidaskClub lowered Universal Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 target price on shares of Universal Health Services in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $135.30.
Shares of Universal Health Services (NYSE UHS) opened at 109.07 on Tuesday. The stock’s 50 day moving average is $113.94 and its 200-day moving average is $118.60. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 14.83 and a beta of 1.06. Universal Health Services has a 12-month low of $99.72 and a 12-month high of $129.74.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by $0.12. Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the firm posted $1.94 earnings per share. Universal Health Services’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Universal Health Services will post $7.72 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. AXA raised its stake in Universal Health Services by 0.7% in the first quarter. AXA now owns 78,565 shares of the health services provider’s stock worth $9,778,000 after buying an additional 566 shares during the last quarter. Creative Planning raised its stake in Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock worth $140,000 after buying an additional 17 shares during the last quarter. Dean Investment Associates LLC bought a new stake in Universal Health Services during the first quarter worth approximately $681,000. Bank of America Corp DE raised its stake in Universal Health Services by 40.6% in the first quarter. Bank of America Corp DE now owns 586,840 shares of the health services provider’s stock worth $73,032,000 after buying an additional 169,526 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Universal Health Services by 3.6% in the first quarter. Principal Financial Group Inc. now owns 139,619 shares of the health services provider’s stock worth $17,375,000 after buying an additional 4,817 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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